Ramit Sethi Quotes

You can buy Loro Piana but not a sense of humor

Why do you want to be rich? What do you want to do with your wealth?

It's ironic that people are afraid of "possibly" losing money in the stock market, when they will certainly run out of money if they don't invest.

According to a recent survey of millionaires done by US Trust, "83% of the wealthy say their largest investment gains have come from smaller wins over time rather than taking big risks.

There is a limit to how much you can cut but there is no limit to how much you can earn.

let our money grow for thirty years. But that's not sexy, is it? Instead,

That's why the easiest way to manage your money is to take it one step at a time — and not worry about being perfect.

There are many audiences you should not build a business around, simply because they will never buy. For example, any business that serves nonprofits is doomed. Nonprofits are not going to pay you. Neither will restaurants or students. Restaurant owners believe they're "too busy" for most services, and students are poor and want to spend their limited money on alcohol. A huge part of your success in business comes from consciously choosing who you're attracting and who you're repelling.

As a bonus for using index funds, you'll anger your friends in finance because you'll be throwing up your middle finger to their entire industry — and you'll keep their fees for yourself.

You can do it. All it takes is a plan. And it's really as simple as that.

Understand that people value what they pay for. You're not doing them a disservice by charging them, you're actually doing a profound service for the people who want to take action.

There are a million different ways to approach any topic. The key is: Instead of focusing on the competition, focus on your audience. Who is your audience, and what do they want that they are not being served right now? I guarantee you, in the yoga audience, there are people who have never done yoga. Then there are people who tried it a couple times, and they kind of gave up. They say things like, "I should go back," but they haven't. What you can do is take your special insight and your perspective on the world, and serve their needs. That's how you build a business that stands out from all the rest.

People love to argue minor points, partially because they feel it absolves them from actually having to do anything.

All our lives, we've been taught to defer to experts: teachers, doctors, and investment "professionals." But ultimately, expertise is about results. You can have the fanciest degrees from the fanciest schools, but if you can't perform what you were hired to do, your expertise is meaningless.

When there's a sale on eggs or chicken, we're happy- but when the stock market gets cheaper, we think it's bad. (Long-term investors should love when the market drops: You can buy more shares for the same price.)p97